A NAIRU Barrier

By |2017-06-05T18:12:31-04:00June 5th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In the framework of government policy, there is enormous interest in relating the specific condition of any economy to how the government must respond to it. This, of course, presupposes that this is the case, that there must be some impartial body or official standing between what would otherwise be free market excesses. The entire literature devoted to answering the [...]